Despite facing domestic challenges and an unstable global financial landscape according to world economic reports from the International Monetary Fund, the U.S. economy is still the largest and most important in the world. By the end of 2019, it represented approximately 20% of global output, an impressive achievement engendered through notable stability and growth in sectors such as technology, healthcare and financial services.

The financial services sector, in particular, has witnessed a considerable expansion in recent years, constituting a much greater share of the overall economy – 7.4% (or $1.5 trillion) of US GDP from finance and insurance alone in 2018. In the same year, the U.S. banking system had $17.9 trillion in assets and a net income of $236.8 billion.

It’s no surprise that investment in the U.S. financial services industry has grown in tandem, bringing with it significant advantages for financial firms. As of 2019, more than 28 financial services companies in Fortune’s Global 500 listing have chosen to locate their headquarters in the United States. Fertile ground for growth in this sector has translated into substantial job creation domestically, employing more than 6.3 million people by the end of 2019.

Despite the rise in career prospects, many businesses in the financial services sector continue to face challenges around talent acquisition amid the nationwide skills shortage, a state of affairs compounded by negative geopolitical headlines and fears around the possibility of another financial recession. For businesses facing this talent attraction and retention dilemma, MSI Recruiting is, and has always been, the go-to solution for gaining a competitive edge in the talent battle.

MSI Recruiting works with an expansive network of top performers from around the U.S., including individuals who possess niche skillsets and the experience to excel in a range of job roles for financial sectors that include Banking, Finance, Investment, Asset Management and Insurance.

Through a stringent screening and interview process, we recruit gold-star candidates who aid company successes and the achievement of quarterly, mid-year and annual goals. For career seekers, the shortage of skilled workers, limited competition and growing career prospects present increased opportunities for employment success, making right now the ideal time to enter this burgeoning industry.

“Growth in the financial services industry has allowed the U.S. economy to maintain its powerhouse status among world economic leaders. As innovation and new technologies propel this industry forward, the skills in highest demand evolve and talent expectations become harder to meet. MSI Recruiting provides its clients with optimum solutions to human capital requirements, sourcing future-fit professionals who possess advanced abilities that move organizations forward and help with the achievement of business goals,” said Jody Moore, Managing Partner of MSI Recruiting.

‘One of the most difficult areas to recruit in currently, with national unemployment around 3.5%, is Accounting & Finance.  That discipline specifically has a rate of less than 3%, the threshold generally considers full employment.  Any individual who wants a job in that field can have one.  This makes recruiting professionals with that discipline very difficult. Companies that want to compete for this type of talent need to consider what they are offering.  Have a compelling story, offer learning and development opportunities, and be competitive with your compensation packages.  Additionally, have a defined recruiting process and make swift decisions to be able to “win” the recruiting process against your competition.’ Kellen Smith, Managing Partner of MSI Recruiting.

The right employees play a large role in any organization’s success. Let MSI Recruiting build your business a lucrative team of high-performance talent that drives your business growth forward.

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